I read on Bloomberg earlier that the rate of increase in unemployment in the UK last month increased at it’s fastest rate since 1992 when Britain was in the depths of it’s last major recession.

That’s not to say that the total number unemployed is as bad (yet). The number current stands at 1.68 million unemployed (but obviously increasing fast) representing 5.2% of the potential workforce.

The latest job casualties appear to be with construction and developers who had previously been working to fill the UK property asset bubble with high density housing which is now proving almost unsalable. While some may indulge in scadenfreud over this, it’s worth remembering that there are large numbers hard working labourers being put out of work who may be difficult, if not impossible to retask.

I read this article in utter disbelief that the West Northampton Development Corporation wants to tax new home buyers to the tune of £20,000.

The proposal is being billed as a tax on ‘developers’ but only an idiot would fail to see that developers will simply push the £20,000 tax straight on to the buyer.

I suggest all sane homebuyers cross the West Northampton areas off their lists of places to buy a home.